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Malaysia may scrap its Formula One race after 2018 due to mounting costs, falling ticket sales and competition from other venues, sports officials said Tuesday, potentially halting one of Asia’s longest-running races. With TV viewership for the Malaysian Grand Prix also ebbing, officials are due to meet later this week to discuss the future of the race after its current contract expires. "The locals are not buying the tickets to watch F1," Razlan Razali, chief executive of the Sepang International Circuit (SIC) where the race is held, told AFP.
Two women and two men were killed at a theme park on Australia's popular Gold Coast Tuesday, police said, with witnesses describing how "everyone was screaming" after a raft apparently flipped on a water ride. Queensland police said the four victims died on the Thunder River Rapids ride at the Dreamworld park, as Prime Minister Malcolm Turnbull extended his prayers to their families over what he called a "very, very, sad, tragic event".
German business confidence defied predictions to climb to a new two-year high in October, the Ifo economic institute said Tuesday. The Munich institute's headline business confidence index hit 110.5 points in October, up one point from the September reading of 109.5 and the highest level since April 2014. "The upturn in the German economy is gathering impetus," Ifo president Clemens Fuest said in a statement.